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City of Lynn Haven
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Florida
County
Bay County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Lynn Haven maintained a positive net position of $22.1M, demonstrating financial stability. Total assets of $23.5M compared to liabilities of $1.3M indicate robust financial health, yielding a coverage ratio of 17.58. The government achieved an operating surplus of $1.7M, as revenues of $24.6M outpaced spending of $23.5M. At 7.0%, the operating margin shows steady financial management. All metrics are calculated using General Fund data.